Strategy Inc — Director's Dealing 2011

Dec 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICROSTRATEGY INC (MSTR)
CIK: 0001050446
Period of Report: 2011-12-08

Reporting Person: BEDELL JEFFREY A (EVP, Technology and CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-08	Class A Common Stock	M	1610	$23.00	Acquired	9806	Direct
2011-12-08	Class A Common Stock	S	100	$120.0231	Disposed	9706	Direct
2011-12-08	Class A Common Stock	S	93	$120.0254	Disposed	9613	Direct
2011-12-08	Class A Common Stock	S	100	$120.083	Disposed	9513	Direct
2011-12-08	Class A Common Stock	S	300	$120.096	Disposed	9213	Direct
2011-12-08	Class A Common Stock	S	70	$120.1213	Disposed	9143	Direct
2011-12-08	Class A Common Stock	S	100	$120.152	Disposed	9043	Direct
2011-12-08	Class A Common Stock	S	747	$120.271	Disposed	8296	Direct
2011-12-08	Class A Common Stock	S	100	$120.281	Disposed	8196	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-08	Employee Stock Option (right to buy)	$23.00	M	1610	Disposed	2012-04-25	Class A Common Stock (1610)	Direct

Footnotes

F1: Separate open market sale transactions that were executed on 12/08/2011 at the same price have been reported on an aggregate basis on a single line in Table I. The order in which sale transactions are set forth in Table I is not necessarily reflective of the sequence in which the sale transactions occurred in fact.

F2: Of the 1,610 shares exercised on 12/08/2011 pursuant to this stock option, 81 shares vested on 04/25/2002, 80 shares vested on 06/30/2002, 81 shares vested on 09/30/2002, 80 shares vested on 12/31/2002, 81 shares vested on 03/31/2003, 80 shares vested on 06/30/2003, 81 shares vested on 09/30/2003, 80 shares vested on 12/31/2003, 81 shares vested on 03/31/2004, 80 shares vested on 06/30/2004, 81 shares vested on 09/30/2004, 80 shares vested on 12/31/2004, 81 shares vested on 03/31/2005, 80 shares vested on 06/30/2005, 81 shares vested on 09/30/2005, 80 shares vested on 12/31/2005, 80 shares vested on 03/31/2006, 81 shares vested on 06/30/2006, 80 shares vested on 09/30/2006, and 81 shares vested on 12/31/2006.

F3: See Exhibit A.